(*)AVD: Additional Voluntary Disclosure.
As part of the electrical industry, TAQA Morocco must provide a level of resilience to challenges. One of the pillars of such resilience is the management of business continuity. The business continuity plan provides an efficient response capability that allows us to protect the interests of our stakeholders. TAQA Morocco’s process for the Business Continuity Plan is based on the “Maximum Acceptable Interruption Period (French acronym DMIA)” and the “Maximum Delay Before Resumption of Normal Activity (French acronym DMRP).”
Business Continuity Plan managerial approach
There is a level of performance that can be considered “normal.” A Business Continuity Situation is triggered when the level of performance falls below the predetermined minimum acceptable level as a result of a disruptive event or incident.
For TAQA Morocco, a disruptive event would be the simultaneous outage of two units or the prolonged outage of a single Unit, which would lead to an unanticipated and unacceptable reduction in electricity production, or any other event that generally falls into one of the following four scenarios:
• Destruction or unavailability of key equipment or a key building, as the result of a fire for example;
• The unanticipated loss of personnel without notice, due to the departure, illness or death of a key person;
• Technical or technological loss or interruption, which may be the result of the failure of critical equipment or services or of a cyberattack;
• Unanticipated loss or lack of stock in the supply chain.